Filed: 4/24/2024ACC: 0001085146-24-002013
📋 What this filing means
CUSHING ASSET MANAGEMENT, LP DBA NXG INVESTMENT MANAGEMENT filed this quarterly 13F‑HR report disclosing 56 equity positions with a total reported market value of $1.18B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
56
Positions
$1.18B
Total AUM (reported)
39.44M
Total Shares
Allocation by class
COM$596.26M50.5%
COM UT LTD PTN$101.65M8.6%
COM UNIT REP LTD$86.34M7.3%
COM NEW$85.45M7.2%
LTD PARTNR INT A$79.57M6.7%
COM UNIT LP INT$52.48M4.4%
CL A SHS$47.87M4.1%
Portfolio Concentration
Top 3$282.12M23.9%
4–10$414.70M35.1%
11–25$411.27M34.8%
Rest$72.62M6.2%
Top 3 weight
23.9%
Top 10 weight
59.0%
Voting Authority Distribution
Total shares with voting rights: 39.44M
Sole
Full voting authority
39.39M
shares
% of voting shares99.9%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
48.38K
shares
% of voting shares0.1%
Investment Discretion (by position count)
Sole30
Shared0
Other26
Dominant voting typeSole · 99.9% of voting shares
Institutional Holdings56
Rows:
ENERGY TRANSFER L P
DFNDShares6.46M
TypeSH
Market value$101.65M
8.61%
Sole
6.45M
Shared
0.00
None
8.21K
TARGA RES CORP
DFNDShares888.24K
TypeSH
Market value$99.47M
8.42%
Sole
886.94K
Shared
0.00
None
1.30K
CHENIERE ENERGY INC
DFNDShares502.18K
TypeSH
Market value$80.99M
6.86%
Sole
501.46K
Shared
0.00
None
720.00
PLAINS GP HLDGS L P
DFNDShares4.36M
TypeSH
Market value$79.57M
6.74%
Sole
4.36M
Shared
0.00
None
0.00
ONEOK INC NEW
DFNDShares850.93K
TypeSH
Market value$68.22M
5.78%
Sole
849.68K
Shared
0.00
None
1.26K
KINDER MORGAN INC DEL
DFNDShares3.10M
TypeSH
Market value$56.90M
4.82%
Sole
3.10M
Shared
0.00
None
2.74K
MPLX LP
DFNDShares1.31M
TypeSH
Market value$54.32M
4.60%
Sole
1.30M
Shared
0.00
None
2.38K
WESTERN MIDSTREAM PARTNERS L
DFNDShares1.48M
TypeSH
Market value$52.48M
4.44%
Sole
1.47M
Shared
0.00
None
1.83K
ENTERPRISE PRODS PARTNERS L
DFNDShares1.77M
TypeSH
Market value$51.65M
4.37%
Sole
1.77M
Shared
0.00
None
4.14K
WILLIAMS COS INC
DFNDShares1.32M
TypeSH
Market value$51.56M
4.37%
Sole
1.32M
Shared
0.00
None
2.13K
PEMBINA PIPELINE CORP
DFNDShares1.46M
TypeSH
Market value$51.48M
4.36%
Sole
1.46M
Shared
0.00
None
1.71K
EQUITRANS MIDSTREAM CORP
DFNDShares4.04M
TypeSH
Market value$50.46M
4.27%
Sole
4.03M
Shared
0.00
None
5.32K
HESS MIDSTREAM LP
DFNDShares1.32M
TypeSH
Market value$47.87M
4.05%
Sole
1.32M
Shared
0.00
None
845.00
DT MIDSTREAM INC
DFNDShares696.59K
TypeSH
Market value$42.56M
3.60%
Sole
696.10K
Shared
0.00
None
485.00
PHILLIPS 66
DFNDShares200.26K
TypeSH
Market value$32.71M
2.77%
Sole
200K
Shared
0.00
None
265.00
ENLINK MIDSTREAM LLC
DFNDShares2.35M
TypeSH
Market value$32.02M
2.71%
Sole
2.34M
Shared
0.00
None
3.96K
MARATHON PETE CORP
DFNDShares148.29K
TypeSH
Market value$29.88M
2.53%
Sole
148.03K
Shared
0.00
None
265.00
TC ENERGY CORP
DFNDShares607.66K
TypeSH
Market value$24.43M
2.07%
Sole
607.05K
Shared
0.00
None
610.00
ENBRIDGE INC
DFNDShares562.70K
TypeSH
Market value$20.36M
1.72%
Sole
561.55K
Shared
0.00
None
1.15K
ANTERO RESOURCES CORP
DFNDShares1.23M
TypeSH
Market value$17.57M
1.49%
Sole
1.23M
Shared
0.00
None
0.00
CLEARWAY ENERGY INC
DFNDShares682K
TypeSH
Market value$15.72M
1.33%
Sole
682K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
DFNDShares338.37K
TypeSH
Market value$13.49M
1.14%
Sole
338.37K
Shared
0.00
None
0.00
GENESIS ENERGY L P
DFNDShares1.08M
TypeSH
Market value$11.97M
1.01%
Sole
1.08M
Shared
0.00
None
1.33K
VIPER ENERGY INC
DFNDShares289.05K
TypeSH
Market value$11.12M
0.94%
Sole
288.30K
Shared
0.00
None
755.00
NEXTERA ENERGY PARTNERS LP
DFNDShares320.17K
TypeSH
Market value$9.63M
0.82%
Sole
319.84K
Shared
0.00
None
325.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PDFND | COM UT LTD PTN | 6.46M | SH | $101.65M 8.61% | 6.45M | 0.00 | 8.21K |
TARGA RES CORPDFND | COM | 888.24K | SH | $99.47M 8.42% | 886.94K | 0.00 | 1.30K |
CHENIERE ENERGY INCDFND | COM NEW | 502.18K | SH | $80.99M 6.86% | 501.46K | 0.00 | 720.00 |
PLAINS GP HLDGS L PDFND | LTD PARTNR INT A | 4.36M | SH | $79.57M 6.74% | 4.36M | 0.00 | 0.00 |
ONEOK INC NEWDFND | COM | 850.93K | SH | $68.22M 5.78% | 849.68K | 0.00 | 1.26K |
KINDER MORGAN INC DELDFND | COM | 3.10M | SH | $56.90M 4.82% | 3.10M | 0.00 | 2.74K |
MPLX LPDFND | COM UNIT REP LTD | 1.31M | SH | $54.32M 4.60% | 1.30M | 0.00 | 2.38K |
WESTERN MIDSTREAM PARTNERS LDFND | COM UNIT LP INT | 1.48M | SH | $52.48M 4.44% | 1.47M | 0.00 | 1.83K |
ENTERPRISE PRODS PARTNERS LDFND | COM | 1.77M | SH | $51.65M 4.37% | 1.77M | 0.00 | 4.14K |
WILLIAMS COS INCDFND | COM | 1.32M | SH | $51.56M 4.37% | 1.32M | 0.00 | 2.13K |
PEMBINA PIPELINE CORPDFND | COM | 1.46M | SH | $51.48M 4.36% | 1.46M | 0.00 | 1.71K |
EQUITRANS MIDSTREAM CORPDFND | COM | 4.04M | SH | $50.46M 4.27% | 4.03M | 0.00 | 5.32K |
HESS MIDSTREAM LPDFND | CL A SHS | 1.32M | SH | $47.87M 4.05% | 1.32M | 0.00 | 845.00 |
DT MIDSTREAM INCDFND | COMMON STOCK | 696.59K | SH | $42.56M 3.60% | 696.10K | 0.00 | 485.00 |
PHILLIPS 66DFND | COM | 200.26K | SH | $32.71M 2.77% | 200K | 0.00 | 265.00 |
ENLINK MIDSTREAM LLCDFND | COM UNIT REP LTD | 2.35M | SH | $32.02M 2.71% | 2.34M | 0.00 | 3.96K |
MARATHON PETE CORPDFND | COM | 148.29K | SH | $29.88M 2.53% | 148.03K | 0.00 | 265.00 |
TC ENERGY CORPDFND | COM | 607.66K | SH | $24.43M 2.07% | 607.05K | 0.00 | 610.00 |
ENBRIDGE INCDFND | COM | 562.70K | SH | $20.36M 1.72% | 561.55K | 0.00 | 1.15K |
ANTERO RESOURCES CORPDFND | COM | 1.23M | SH | $17.57M 1.49% | 1.23M | 0.00 | 0.00 |
CLEARWAY ENERGY INCDFND | CL C | 682K | SH | $15.72M 1.33% | 682K | 0.00 | 0.00 |
KINETIK HOLDINGS INCDFND | COM NEW CL A | 338.37K | SH | $13.49M 1.14% | 338.37K | 0.00 | 0.00 |
GENESIS ENERGY L PDFND | UNIT LTD PARTN | 1.08M | SH | $11.97M 1.01% | 1.08M | 0.00 | 1.33K |
VIPER ENERGY INCDFND | CL A | 289.05K | SH | $11.12M 0.94% | 288.30K | 0.00 | 755.00 |
NEXTERA ENERGY PARTNERS LPDFND | COM UNIT PART IN | 320.17K | SH | $9.63M 0.82% | 319.84K | 0.00 | 325.00 |
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